GPAP rolls out BofA Merrill’s Any2Any service in Taiwan

Taipei-based Global Payments Asia Pacific (GPAP) is looking to bump up its payment processing services in the region with the help of technology from Bank of America Merill Lynch (BofA Merill).

Called CashPro Any2Any, the client-facing platform allows client payments to be received in any format – which, says BofA Merrill, speeds up processing times and improves integration between corporations and banks. This is likely to be particularly useful to GPAP, which works in 11 markets across the Asia Pacific region, helping businesses to put better payment solutions in place, including card processors and e-commerce stores.

“Across Asia Pacific, clients are demanding flexible solutions that can integrate with a variety of back-end systems with minimal disruption to day-to-day operations,” said Ivo Distelbrink, BofA Merrill’s Head of Global Transaction Services for Asia Pacific. “The Any2Any solution ticks these boxes and allows Global Payments not only the benefits of improved payments infrastructure in its strategically important Taiwan market, but also the security of a banking partner with extensive international capabilities to support other businesses in various geographies.”

Hermia Lee, Treasury Director of GPAP, added: “Bank of America Merrill Lynch’s efficient support network and detailed preparatory work ensured that the implementation of this solution was both smooth and within our expected timeline. On the strength of this solution, we are delighted to continually offer superior payment processing solutions to our merchant customers.”

Deutsche Bank plans to partner with fintechs that have complementary business models, rather than buying out tech start-ups and competing in the market, bank executives said at press briefing this week. They also discussed future strategies for the technology, securities and payments spaces.

The payments landscape for corporates hasn’t gotten much clearer over the last decade, but global multi-banking continues to grow. Twenty-three per cent of corporates reportedly originate payments with 11 or more banks, and more than 24% operate within each of the major world regions.